Latvian Shipping Cancels $200 M Hyundai Order
Latvian Shipping officials said that a deal with Hyundai Heavy Industries for six tankers worth some $200 million has been scrapped, due to political delays on the Latvian side.
Day-Long Strike Deals New Blow To Bangladesh Shipping Sector
A day-long nationwide strike called by Bangladesh's opposition parties has dealt a fresh blow to the country's shipping sector, already hit by political unrest in the country…
Pegasus Shipping Mulls Bond Restructuring
Panamax tanker specialist Pegasus Shipping is reportedly discussing restructuring its $150 million 1997 junk bond issue with noteholders. Officials said the company…
Minoan Flying Dolphins Acquires 10 More Ferries
Minoan Lines subsidiary Minoan Flying Dolphins added to a recent flurry of vessel acquisition with the purchase of 10 more ferries for an undisclosed amount, bringing its total fleet to 63 vessels.
Stena Buys Scandlines
Ferry operator Stena Line has purchased smaller Swedish ferry group Scandlines AB from the state owned railway group SJ for $67.1 million. Scandlines, with 1,180 staff…
Vosper Profit Up Eight Percent
Vosper Thornycroft Holdings Plc, Britain's second biggest warship builder, reported an increase in pretax profit of 8.2 percent to $25.9 million in the six months ending Nov. 11.
First Tanker Fixed For Next Phase Of Oil For Food Deal
The first tanker to carry Iraqi oil exports under the next phase of the U.N. "oil for food" deal has been chartered subject to the program being extended, according to shipping brokers.
U.S. Suspends 36 Offshore Licenses, Orders Review
The U.S. Interior Department suspended 36 oil leases in California's offshore waters and ordered a review of the impact the drilling would have on the environment.
Moody's May Up Royal Caribbean
Moody's Investors Service has placed the long term debt ratings of Royal Caribbean Cruises Ltd. on review for a possible upgrade based on its improved debt protection measures…
CGES Sees Oil Levels Nearing Minimum
Oil inventories are getting so tight that commercial stockcover held by oil companies could hit minimum operating levels by early next year, London's Center for Global Energy Studies warned.
Adsteam Performance Ahead of Last Year
Tugboat operator Adsteam Marine Ltd. is reportedly performing ahead of the same period in the previous year, but has not yet made a decision on whether to sell its stake in Holyman Ltd.
RCL Signs Letter Of Intent For Two Vessels
Royal Caribbean Cruises Ltd. signed a letter of intent with Meyer Werft shipyard in Papenburg, Germany to build the third and fourth Vantage class vessels. RCL officials…
